bitcoin definition
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What is the concept of Bitcoin? Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
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- Bitcoin is a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary.
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Bitcoin — Carter Dougherty … Bitcoin … is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined. Unlike other forms of digital cash, Bitcoin is truly untraceable and therefore, like cash, cannot be recovered if lost or destroyed.
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- Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction.
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- Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software. As a decentralized currency, Bitcoin isn’t controlled by anyone.
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What is 'Bitcoin' What is 'Bitcoin'. Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.
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Bitcoin Bitcoin is both a cryptocurrency and an electronic payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. The identity of Nakamoto remains unknown, though many have claimed to know it. The system is peer-to-peer, and transactions take place between users directly, without an intermediary.
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Definition of Bitcoin Definition of Bitcoin. Bitcoin is a digital currency. Instead of printing banknotes, or minting coins, a list of the registration numbers of each of the coins is kept and a record of who owns them. People can pay one another by transferring the registration numbers online.
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- Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
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bitcoin The definition of bitcoin is a publicly-owned, digital form of currency that uses cryptography (information security algorithms) to securely send and receive payments.
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ÐÐ½ÑÑÑÑÐºÑÐ¸Ñ (Ð§ÐÐÐ) Bitcoin is decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
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Bitcoin Definition of Bitcoin. : a digital currency created for use in peer-to-peer online transactions Introduced in 2008 by a person or group using the name Satoshi Nakamoto, Bitcoin is the most prominent of a group of virtual currencies—money that exists mainly as computer code—that have no central issuing authority.
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What is Bitcoin? What is Bitcoin? Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.
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What Affects the Bitcoin Price? The Bitcoin price is the monetary cost of a bitcoin. The term “price”, as used here, is not to be confused with “value“ which is a perceived regard for Bitcoin’s benefits and usefulness. The Bitcoin price is expressed as an exchange rate in relation to another currency.
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What is 'Bitcoin Mining' Block (Bitcoin Block) Blocks are files where data pertaining to the Bitcoin network ... A digital or virtual currency that uses peer-to-peer technology ... A blockchain is a public ledger of all Bitcoin transactions that ...
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What is Bitcoin? What is Bitcoin? Bitcoin is a digital currency that is electronically created (minted) and kept. No one controls the currency. Bitcoins (short: BTC) are not printed as the euro or the dollar physically; They are calculated and stored digitally by many people around the world using computer power. Bitcoin is the best-known example of fast-growing […]
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Definition of Bitcoin Definition of Bitcoin Bitcoin is a digital currency. Instead of printing banknotes, or minting coins, a list of the registration numbers of each of the coins is kept and a record of who owns them. People can pay one another by transferring the registration numbers online. The creators of Bitcoin remain anonymous.
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Help:FAQ Bitcoins are the unit of currency of the Bitcoin system. A commonly used shorthand for this is “BTC” to refer to a price or amount (e.g. “100 BTC”). There are such things as physical bitcoins, but ultimately, a bitcoin is just a number associated with a Bitcoin Address.
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How does Bitcoin work? Transactions - private keys. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
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Bitcoin is going wild â here's what the cryptocurrency is all about True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. In addition, it's the only form of money users can theoretically mine themselves, if they (and their computers) have the ability.
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What is 'Bitcoin' Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified.
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What is a 'Cryptocurrency' DEFINITION of 'Cryptocurrency'. A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency is that it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities such as money laundering and tax evasion.
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What is Bitcoin? Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.
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- Bitcoin is as virtual as the credit cards and online banking networks people use everyday. Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Denarium coins, but paying with a mobile phone usually remains more convenient.
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What is 'Bitcoin' But why? Is Bitcoin the future of currency? Is it currency at all? What is it for? And should I buy some? Read on to have your questions answered. What is Bitcoin? Bitcoin is a digital currency created in 2009 that uses decentralised technology for secure payments and storing money that doesn't require banks or people's names. It was announced on an email circular as a way to liberate money in a similar way to how the internet made information free.
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What Is Bitcoin? Bitcoin is a platform that hosts a digital ledger on which people can mine, store and trade bitcoins, a digital form of currency earned through a computer algorithm and tied to no central authority. ‹ all guides